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Living Through The Great Resignation


The Accounting Industry: Can Firms Keep Up?

In 2021 the workforce experienced “The Great Resignation” where employees left their jobs in record breaking numbers across the nation. The Great Resignation peaked in November 2021 when 4.5 million workers left their jobs. To put that into context, that is 3% of the total workforce. Every industry has been affected by the Great Resignation, but turnover has been particularly high in industries that have been significantly impacted by the pandemic such as logistics, healthcare, and hospitality. Other reasons for people leaving their jobs include concerns about safety during the pandemic, childcare, seeking more flexibility, work life balance, benefits, and completely changing career paths.

Many people have seen the effects of the Great Resignation in their day to day life, whether that being their favorite restaurant temporarily closing, or flights being canceled due to lack of staff. The great resignation has created a domino effect and impacted hiring managers and staff across the nation.

Moving forward, it is uncertain if employees will be leaving their jobs in record breaking numbers in 2022. In order to break the cycle, it is important that employers continue to listen to the needs of employees, communicate with them, and be flexible in uncertain times.


By: Soni Whalen, Human Resources Assistant at CROFT & FROST








Resources: https://www.shrm.org/resourcesandtools/hr-topics/talent-acquisition/pages/interactive-quits-level-by-year.aspx

https://www.shrm.org/about-shrm/press-room/press-releases/pages/shrm-research-highlights-lasting-impact-of-the-%E2%80%98resignation-tsunami%E2%80%99-on-workers-who-choose-to-stay.aspx

https://www.shrm.org/hr-today/news/hr-news/pages/deconstructing-the-great-resignation.aspx





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